Home | Community | Message Board

Sporeworks
This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Shop: Unfolding Nature Unfolding Nature: Being in the Implicate Order   Original Sensible Seeds Bulk Cannabis Seeds   Kraken Kratom Red Vein Kratom   PhytoExtractum Maeng Da Thai Kratom Leaf Powder   North Spore Injection Grain Bag

Jump to first unread post Pages: < First | < Back | 481 | 482 | 483 | 484 | 485 | 486 | 487 | 488 | 489 | 490 | 491 | 492 | 493 | 494 | 495 | 496 | 497 | 498 | 499 | 500 | 501 | Next >
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 6 hours, 27 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #28524346 - 10/31/23 08:09 AM (2 months, 27 days ago)

Anyone who has been riding the SOL train who has a shorter term "traders" mindset, might want to either stagger some stops here or just pull a tranche of profits off the table.  This thing is up a whopping 50% in October!  SOL is one of my largest positions, which remains staked, so I'm not personally skimming here.  Nevertheless, 50% in a month is a pretty big move and you know I generally do like to take some partials on the moves higher.  So why aren't I?  Well, I think the crypto market in general has a long way to go, and given prior cycles in which bitcoin has led the move higher, most altcoins have yet to see an appreciable move.  Because SOL retains a leadership position in the altcoin space with a high level of developer activity and public engagement, I would anticipate its continued participation in a continued broader-based sector move.

BTC and ETH still flagging here, which is a pretty healthy thing after their recent moves.  Grinding sideways to build a higher base is something I love to see.  This type of action tends to cluster the average cost-basis for traders close to the current price, which tends to give any subsequent breakout more staying power.  According to on-chain analytics firm Glassnode, there are now nearly 40 million Bitcoin addresses in profit, marking a new record. Despite Bitcoin's price being 50% below its all-time highs, 80% of Bitcoin addresses are "in the black" at a price of $34,000.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
Offlinegopher
Coffee Bean Extraordinaire
I'm a teapot


Registered: 11/22/17
Posts: 12,996
Loc: Canada
Last seen: 34 minutes, 29 seconds
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #28524465 - 10/31/23 10:36 AM (2 months, 27 days ago)

Ifmy xlm jumps up like my btc has I'll sell it off to buy paxg, or maybe even withdraw it and buy some physical silver


--------------------
For most of the normies out there, an operating system is just a bootloader for Google Chrome.

Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it.

My pronouns are He and Him, and my adjectives are Fat and Jazzy

:kratom:


Extras: Filter Print Post Top
Offlinegopher
Coffee Bean Extraordinaire
I'm a teapot


Registered: 11/22/17
Posts: 12,996
Loc: Canada
Last seen: 34 minutes, 29 seconds
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: gopher]
    #28524469 - 10/31/23 10:37 AM (2 months, 27 days ago)

Its down on the 3 month, but high on the 1 month



I think I sold some off last high and bought paxg


--------------------
For most of the normies out there, an operating system is just a bootloader for Google Chrome.

Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it.

My pronouns are He and Him, and my adjectives are Fat and Jazzy

:kratom:


Extras: Filter Print Post Top
OfflineSpaghetti burrito
Stranger
 User Gallery
Registered: 05/09/22
Posts: 57
Last seen: 1 month, 17 days
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #28525176 - 11/01/23 06:15 AM (2 months, 26 days ago)

Is SOL for real? I'm far from well-informed but was under the impression it was just a scam vehicle for the FTX gang, who could turn off and on the chain at will. Are there any concerns about centralization of the asset and big dumps resulting from the bankruptcy/court proceedings underway?


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 6 hours, 27 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Spaghetti burrito]
    #28525380 - 11/01/23 10:57 AM (2 months, 26 days ago)

Yes of course, those concerns exist.  Solana has sacrificed some of its network's resilience in exchange for throughput (speed + super cheap transactions).  This has resulted in the network freezing and requiring a hard reset on more than one occasion, which has shaken confidence in the past.  Nevertheless, the fact that uptime overall has remained very high, and that the network consistently processes a transaction count that makes practically all other networks pale in comparison, is a good indication why a lot of its developers stuck around, even after the epic 95%+ crash from its highs in the $200's.

While it is true that FTX was a major investor and actively worked to pump SOL's price, and the bankrupt estate could potentially dump large amounts of the token during the estate's debt reconciliation; a large portion of the estate's assets are locked up (illiquid) for at least a few more years, so fears of an imminent dump have likely been overblown.  Further, the FTX estate is being managed by a rather accomplished attorney, whom I would suspect knows better than to execute big sale orders on public order books, and would instead facilitate any such transactions through hidden "over the counter" trading desks that negotiate settlement for extra large trades privately, precisely so they won't adversely affect the relatively thin public order books and therefore swing price bigly.

I built up my SOL stash between $12-$20 before the first big run, selling all the way up, and left a portion of the asset staked ever since.  I have personally engaged with the network previously to send assets across different chains via a bridge (e.g. Wormhole), and used Raydium's limit order interface extensively as well.  The network's speed and minimal cost to use makes it quite a bit more capable and pleasing to use for modern day applications relative to other somewhat clunky options such as Ethereum, more secure and "live" though Ethereum may be.

If a crypto network is going to attract increasing engagement and relevance in the execution of modern applications, it necessarily will need to be able to perform at levels consistent with how Solana already does.  If that requires a tradeoff with regard to the "blockchain trilemma", well then so be it.  All of our current systems suffer from downtime already, so accepting the potential that the Solana network may also have a hiccup here and there in compromise for being able to process a million transactions per second at marginal cost, well that seems like an acceptable trade.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 6 hours, 27 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #28525820 - 11/01/23 07:30 PM (2 months, 25 days ago)

I posted this in the STOCKS thread earlier today, but figured I'd reiterate it here.  SOL has been printing a parabolic move here, up some 100% in the past couple of weeks.  Now, these moves can go farther than one might expect, but it is nevertheless important to reduce exposure when the position grows to an outsized proportion of your total asset base.  As a matter of discipline, taking partial profits on the way up allows you the mental fortitude to handle the inevitable pullback with a clear head (whether it comes from current levels or considerably higher).

I unstaked ~20% of my SOL holdings, although they will not be available to liquidate for another full day.  Frankly, I've held this tranche of SOL all the way from the old highs at $260, down to the local trough below $10.  Would I have preferred to have liquidated more on the way up?  Sure, but hindsight always tries to tug on your rational mind in that way.

I had long since made a plan to hold a minority stake in Solana long-term, earning staking rewards throughout, to see what the network may offer in the years and decades to come.  Having literally sold all the way up to SOL's all time highs, this last piece of my position could be quantified as "the house's money", although make no mistake, it was and is my money, and I suffered through a major drawdown in the wake of the network's outages, the bear market exacerbated by the TerraLUNA collapse and subsequent FTX fallout (the latter of which happened to have all sorts of fingers in the ecosystem).

So if I miss the local top here, I'm not going to feel too bad about it, but if, by the time my tokens unlock, we are still above $40, I will pull half of my unstaked tokens off the table, and see if we can't get up to the $65-$75 range to spin out the remainder.  Still keeping 80% staked for now, as I believe we are still early in this cycle.

Meanwhile, BTC and ETH are, as of this moment, breaking out to new highs.  ETH looks set for an imminent test of the psychologically significant $2K level.  I can't imagine BTC won't hit $40K soon.  This market is on the upswing, and these cycles are truly some of the most ferocious I've ever borne witness to.

Don't miss out.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflineSpaghetti burrito
Stranger
 User Gallery
Registered: 05/09/22
Posts: 57
Last seen: 1 month, 17 days
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #28526255 - 11/02/23 08:06 AM (2 months, 25 days ago)

Geokills, what are your thonks regarding ETH2xFLI? Volume is pitiful (down there with Koin's). If not this, what would be a preferred way to slightly "lever up" at this juncture?

For clarity my bags are currently Eth/Koin 50/50. Haven't touched the allocations in close to 2 years. Don't feel like touching the Koin bag because MEXC sketches me out and the DEX situation is illiquid. Converting ETH to ETH2x is attractive upside-wise and for simplicity of purchase. Moving $ back to a CEX is not ideal as the trades would be reported and the tax implications are annoying. I wouldn't mind paying the taxes but I haven't tracked my purchases/cost bases etc since 2017, after 100s of transactions etc, so trying to be compliant is a can of worms that just isn't worth it given the small $ amounts in question (and for the fact that I've never made money in crypto so prob won't owe tax anyway, ha).

It's an unsubstantial sum that I have in crypto, I can afford to lose it all and currently don't count it in my net worth or life plans. That said I won't be adding fresh $ to my crypto this cycle, so levering my existing baggage is enticing.

Always appreciate your insights.


Edited by Spaghetti burrito (11/02/23 08:33 AM)


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 6 hours, 27 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Spaghetti burrito]
    #28526324 - 11/02/23 09:11 AM (2 months, 25 days ago)

I haven't really looked into other leverage options, so I can't offer much help.  Of course the easiest route is to use an exchange that supports built-in leverage, but then you don't hold custody of your own assets and can be liquidated unfavorably at the exchange's discretion (not to mention the tax implications you noted).

At a cursory glance, it seems that you'll experience around 1% slippage when swapping up to $10,000 of ETH2X-FLI via the app on IndexCoop's website.  Attempting to swap $30,000 leads to around 1.75% of slippage currently.  So if you're not trading large amounts, the low volume isn't a total deal breaker, but it does make me a little concerned about holding it as a primary part of your portfolio.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
InvisiblePatrickKn
I'm a teapot

Registered: 07/10/11
Posts: 20,562
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #28526688 - 11/02/23 02:29 PM (2 months, 25 days ago)

I looked into leveraged tokens a couple years ago and the prevailing advice at the time was that borrowing the same coin (that the leveraged token is pegged to) on margin was a better bet because of the way leveraged tokens would balance over time, in addition to management fees that were more expensive than margin fees.

Leveraged tokens would have a daily or weekly reset (which are required to keep kicking out 2x/3x/5x returns or losses everyday), and everytime they reset you tend to get punished for any high volatility experienced. You have $100 in and today it goes up 30%, you make $30. Tomorrow it goes down 30%, you lose $39. You have $91 left.

Unlike with borrowing on margin, you compound these losses everytime the leveraged token rebalances, instead of when you pull out of the trade. Can slowly eat away at anything you have in addition to whatever management fees they have baked in. It's been a couple years since I've looked into these types of tokens though, so take what I'm saying with a grain of salt.


Extras: Filter Print Post Top
OfflineSpaghetti burrito
Stranger
 User Gallery
Registered: 05/09/22
Posts: 57
Last seen: 1 month, 17 days
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: PatrickKn]
    #28527691 - 11/03/23 10:11 AM (2 months, 24 days ago)

That sounds familiar, that there's a catch with the leveraged tokens.

Probably just gonna keep it vanilla with my spot ETH. The allocation to microcap (KOIN) is risky enough.


Extras: Filter Print Post Top
Offlinetomnl
Beginner
Male User Gallery


Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
Last seen: 5 hours, 30 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Spaghetti burrito]
    #28531324 - 11/06/23 03:12 AM (2 months, 21 days ago)

I missed the Koinfest meeting in Amsterdam, last weekend. Hopefully next year!


--------------------
Been away so long I hardly knew the place
Gee, it's good to be back home
Leave it till tomorrow to unpack my case
Honey disconnect the phone
I'm back in the USSA
You don't know how lucky you are, boy
Back in the US
Back in the US
Back in the USSA


Extras: Filter Print Post Top
OfflineSpaghetti burrito
Stranger
 User Gallery
Registered: 05/09/22
Posts: 57
Last seen: 1 month, 17 days
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
    #28531347 - 11/06/23 04:35 AM (2 months, 21 days ago)

Koin having a nice move at the moment. 3 green weeks running and volume improving. Up 30+% since the September lows.


Extras: Filter Print Post Top
Offlinetomnl
Beginner
Male User Gallery


Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
Last seen: 5 hours, 30 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Spaghetti burrito] * 1
    #28531459 - 11/06/23 08:26 AM (2 months, 21 days ago)

I remember the good days, buying around 17 cent.

And i remember the bad days, buying at 90 cent 🤣

DCA'd to around 40 cents.


--------------------
Been away so long I hardly knew the place
Gee, it's good to be back home
Leave it till tomorrow to unpack my case
Honey disconnect the phone
I'm back in the USSA
You don't know how lucky you are, boy
Back in the US
Back in the US
Back in the USSA


Edited by tomnl (11/06/23 08:27 AM)


Extras: Filter Print Post Top
OfflineFishOilTheKid
Ascended
 User Gallery


Registered: 11/14/10
Posts: 5,401
Last seen: 1 day, 6 hours
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
    #28531859 - 11/06/23 02:44 PM (2 months, 21 days ago)



Go $KAS!

Huge pump in the last couple days!

:rockon:


Extras: Filter Print Post Top
Offlinetomnl
Beginner
Male User Gallery


Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
Last seen: 5 hours, 30 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: FishOilTheKid]
    #28532636 - 11/07/23 08:09 AM (2 months, 20 days ago)



--------------------
Been away so long I hardly knew the place
Gee, it's good to be back home
Leave it till tomorrow to unpack my case
Honey disconnect the phone
I'm back in the USSA
You don't know how lucky you are, boy
Back in the US
Back in the US
Back in the USSA


Extras: Filter Print Post Top
Offlinetomnl
Beginner
Male User Gallery


Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
Last seen: 5 hours, 30 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #28535034 - 11/09/23 02:17 AM (2 months, 18 days ago)

Quote:

geokills said:
Holy crap liquidity is horrendous on Koindx at the moment, I suppose on account of just having launched.  I'm seeing a better than 30% price impact to swap only 500 KOIN (and a 96%+ price impact if I trade out only half of my KOIN to ETH!).  I wouldn't mind being a liquidity provider, but I'm not sure how to get the wrapped ETH on KOINOS.




If still interested, wkoin can now be swapped on Uni
https://support.uniswap.org/hc/en-us/articles/7423194619661-How-to-provide-liquidity-on-Uniswap-V3

Greets Tom


--------------------
Been away so long I hardly knew the place
Gee, it's good to be back home
Leave it till tomorrow to unpack my case
Honey disconnect the phone
I'm back in the USSA
You don't know how lucky you are, boy
Back in the US
Back in the US
Back in the USSA


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 6 hours, 27 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
    #28535163 - 11/09/23 06:51 AM (2 months, 18 days ago)

Swapped just under 10% of my SOL for USDC here at $47.50.  I still think SOL has legs to $65-$75, but I want to skim along the way up.  I have another 20% of my aggregate stash unstaked and ready to liquidate.  If we end up moving past $65, I will unstake another tranche.

Lot of big moves continuing this morning.  I suspect a lot of folks are trying to frontrun the all but certain eventual BTC ETF approval, which could end up being a “sell the news” event.  If that happens, I will look for some consolidation to redeploy capital in front of the halving cycle which could prove to be a second catalyst for the current broad rally.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 6 hours, 27 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #28537555 - 11/10/23 05:46 PM (2 months, 17 days ago)

As we get closer to my near term target range of $65-$75, I've taken another small tranche of SOL to USDC @ $57.  Peeling off on the way up, reloading on the way down.  Core position remaining staked.  What a beast this one is being.  Definitely reminiscent of the old days.

I also unstaked another 30% of my original position which will unlock in 14 hours.  Just in case this move goes parabolic.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflineSpaghetti burrito
Stranger
 User Gallery
Registered: 05/09/22
Posts: 57
Last seen: 1 month, 17 days
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #28543633 - 11/15/23 05:39 AM (2 months, 12 days ago)

Koins Fed proposing to mint new massive quantity of KOIN to fund development. Discord in the discord.

https://discord.com/channels/613823471679438898/613823471679438900


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 6 hours, 27 minutes
Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Spaghetti burrito]
    #28543752 - 11/15/23 08:57 AM (2 months, 12 days ago)

Interesting :strokebeard:

Quote:

Jon Rice in Koinos Federation

The Koinos Federation Council has been working behind the scenes to ask some challenging questions about our ecosystem - and to come up with solutions to the overriding issue we all face.

Before we get started let’s be clear. The issue is huge. We are a small community and we’re competing with VC-backed companies with hundreds of millions of dollars to spend. We have no money allocated for any of the activities our competitors can finance.

We have a unique set of value propositions… we are fair-launched, free-to-use and frictionless.

But they won’t be unique forever. We need to take advantage - RIGHT NOW - of the best tech in the industry.

We will not address our issues with piecemeal or cautious responses.

We have identified a way to ensure that Koinos gets the chance to compete.

A way to raise awareness…
To pay for marketing…
To offer meaningful developer grants…
To secure exchange listings…
To find our way onto hardware wallets…

… in short, to do everything this community wants us to do to massively accelerate the Koinos ecosystem.

It’s a bold strategy. It will be contentious. But in our opinion, this is the way we build huge value, rapidly, for the entire Koinos network and everyone participating in it.

It’s also a strategy that aligns with our Charter.

We would like to keep conversation around this proposal in the Federation Telegram chat, where we can track it in one place. https://t.me/koinosfederation

And we will be holding a Town Hall / AMA about the proposal on Thursday at 11am ET. We will post details shortly.

Please read this carefully. We hope it explains our understanding of the issues, and that we considered multiple ideas before we decided on the solution.

You can find the Federation Charter here: https://koinosfederation.com/koinos-federation-charter/

The document is also open for comment, and any member of the community is invited to leave their thoughts for us.

https://docs.google.com/document/d/1KBMkz_F-Z5ZLDrSa4hmiWs4kC9JLmjjsu9fJquxwlPc/edit?usp=sharing




Quote:

Michael Vandeberg (Koinos Group CIO and Co-Founder | Koinos Federation Treasurer) in Koinos Federation

I want to clarify this once and for all. The purpose of this proposal is not to fund Koinos Group.

It is to fund initiatives that benefit the entire Koinos ecosystem. Yes, Koinos Group built Koinos, but we did not reserve a slice of the pie for ourselves. We are a KOIN holder just like everyone else.

The community does not have shared funds for community initiatives. The federation exists for the community. We will coordinate efforts that are difficult to coordinate in a purely decentralized matter because companies in meat space expect to interact with legal entities, not smart contracts. In order to do this, the Federation needs funding. But that funding is not going to "the devs" or "the team". It is for the benefit of the entire community.

I know that most of you understand this, but I am still seeing some confusion, so I wanted to reiterate to clarify any confusion.

We do not want to mint new tokens, but as we explored other solutions it became clear to us that no other solution had the same benefit and reliability to generate the required funds. The reactions most of you are having are the same reactions we had as we talked about it. That is why we specified all of the other solutions we considered so that you too can judge and weigh the pros and cons of each for yourself.




Quote:

Joe Walker in Koinos Federation

These are my initial thoughts, they are by no means meant as a personal attack to the council or any of its members.

The fact that Julian and Steve publicly disagree with this proposal tells me the council has made up its mind and that in this discussion early buyers are just haggling to get the best possible deal.

I am surprised and sad to see how the stance of the Koinos Group has changed so suddenly. In essence this proposal means that the POW mining and initial distribution of Koinos was a big mistake. I agree that the initial token distribution created a specific issue: how do we get devs interested in Koinos while so much of the supply is in the hands of holders and while there are no funds/grants available.

The proposal itself is incomplete on the following matters:
- There is no sustainable long term strategy. Minting new tokens is not a sustainable strategy to fund grants. Thinking all problems will be resolve in 5 years is naive. The organization needs to set up several streams of income to become self-sustaining (proposals below).
-The 100M number is arbitrary (getting worked on atm)
-In the budget there has to be a distinction between the amount of KOIN and the amount of USD which is needed. How much KOIN do developers need to power their dApps and how much USD do they need to feed their families? If we mint 100M as little as 10M tokens might be used for mana, the rest will be sold for USD.

My proposal: Rather than pivoting our ethics, why not pivot our place in the blockchain space? For some reason we have chosen to be a blockchain mainly for gaming. Koinos is certainly ideal for that but the space is less predictable to monetize.

There is huge potential to be found in low hanging DeFi fruit. Koinos is ideal for DeFi and financial dApps, especially now with the first bridges being live. Even if Koinos is only mildly successful the next couple of years we can expect hundreds of millions of dollars to move onto the blockchain. Why not capture a percentage of that value? We can build a suite of financial dApps (lending, collateralized stablecoins,…) that generate revenue. The revenue goes to developer grants and the like. Or hold an ICO to raise quick funding. The dApps will have a huge advantage as a first mover on the first feeless blockchain. Just image the total commission a platform like that can rake in. Before it went bust Terra was so popular precisely because it was 95 percent financial dApps and had low fees. Koinos can attract even higher volumes.

My stance is: let’s pivot and not paint ourselves in the gaming corner at all costs. Otherwise we will miss out on obvious value.
A (maybe painful) question to ask: Why onboard a game developer who needs 2M koin? The monetary value we can generate per KOIN token is many orders of magnitudes greater for a financial dApp than for a gaming dApp. Plus it’s easier to extract that value and use it to our benefit.

My suggestion: hold an ICO (or create a VC) and raise funds for such a DeFi platform.

If we can’t build a self-sustaining organization on Koinos, why would anyone else even try?






In other news, Solana has been massively outperforming of late.  Even pushing back up to its recent highs as the rest of crypto, including dominant issues such as BTC and ETH have been pulling back.  This is impressive, and makes me want to be less aggressive in liquidating, although I will still trade around my core position opportunistically if I see an opportunity, and ultimately continue to skim small tranches off on the way up, as a matter of discipline.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Edited by geokills (11/15/23 09:07 AM)


Extras: Filter Print Post Top
Jump to top Pages: < First | < Back | 481 | 482 | 483 | 484 | 485 | 486 | 487 | 488 | 489 | 490 | 491 | 492 | 493 | 494 | 495 | 496 | 497 | 498 | 499 | 500 | 501 | Next >

Shop: Unfolding Nature Unfolding Nature: Being in the Implicate Order   Original Sensible Seeds Bulk Cannabis Seeds   Kraken Kratom Red Vein Kratom   PhytoExtractum Maeng Da Thai Kratom Leaf Powder   North Spore Injection Grain Bag


Similar ThreadsPosterViewsRepliesLast post
* Hackers steal $32 million in Ethereum
( 1 2 all )
Adden 4,629 26 09/27/17 06:45 AM
by bayshroomer
* STOCKS - An Intro Tutorial & Ongoing Discussion
( 1 2 3 4 ... 289 290 )
geokillsA 296,583 5,796 01/22/24 08:56 PM
by geokills
* Ethereum sh4d0ws 1,124 4 03/31/17 04:12 AM
by LogicaL Chaos
* My Last 6 Months: Rampant drug abuse, and making thousand off of CryptoCurrencies.
( 1 2 all )
deadwk 6,594 33 03/23/19 10:04 PM
by GlazedHazels
* Cryptocurrency tomnl 1,266 3 04/12/17 03:27 PM
by Bannannannaman
* Bitcoin speculation
( 1 2 all )
MisterMuscaria 7,528 25 03/31/21 01:50 AM
by skOsH
* Bitcoin 2jew4u 2,405 10 11/11/19 05:28 PM
by High Night Expanse
* Thoughts on Ethereum LSDx 1,578 7 05/25/17 03:32 PM
by SpinScratch

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, automan
250,329 topic views. 0 members, 1 guests and 1 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.036 seconds spending 0.012 seconds on 14 queries.